Mobile phone company HCF delayed the introduction of a new cell phone model with innovative features so that the launch could coincide with that of its competitor, LCM, which was introducing a phone with similar features

What kind of entry did HCF use? How can this benefit the company?

HCF used a parallel entry strategy. The market may pay more attention when two companies are advertising the new product.

Business

You might also like to view...

Which of the following is most likely to have an unprofessional or part-time buyer who needs more advice and assistance from marketers before and after a sale?

A) a reseller B) a mass producer C) a foreign government D) a state government E) a not-for-profit institution

Business

Areas that are inundated or saturated by surface water or ground water that support vegetation typically adapted for life in such conditions are called ________

A) marine reefs B) gullies C) wetlands D) reservoirs

Business